Doomsday Investing Update - Junior Gold Miners ETF
What if the fiscal apocalypse was just a bad dream? In a perfect storm, the gold price would be rising, senior producers would be announcing massive expansion plans, and the Junior Gold Miners ETF would be skyrocketing. Perfect storms are rare and difficult to predict.
I get the financial stress argument but it hasn't been working for 3 years running. I think there'll be a few seats available on the gold train IF one leaves the station on the up track. For now, the best one could hope for would be a quick bounce back up to $10.50 creating an island reversal on the chart. If that doesn't happen in the next few days then there's nothing to do but wait and worry some more about when the global financial system will collapse.